The Rich Text Format (frequently curtailed RTF) is a restrictive report record design with distributed determination created by Microsoft Corporation from 1987 until the point that 2008 for cross-stage archive trade with Microsoft items. Most word processors can read and think of a few variants of RTF.

The RTF Specification uses the ANSI, PC-8, Macintosh, and IBM PC character sets. It defines control words and symbols that serve as "common denominator" formatting commands. When saving a file in the Rich Text Format, the file is processed by an RTF writer that converts the word processor's markup to the RTF language. When being read, the control words and symbols are processed by an RTF reader that converts the RTF language into formatting for the word processor that will display the document. The Specification, a copy of which is located in the archives at the World Wide Web Consortium, is used to create an RTF reader or writer.

Most word processors, such as Microsoft Word, Lotus Word Pro, and AppleWorks, create rich text documents. However, if you save a document in a program's native format, it may only open with the program that created it. For example, Lotus Word Pro will not be able to open an AppleWorks text document, even though both programs are text editors. This is because each program uses its own method of formatting and creating text files.

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Rchtextbox allows us to format text, open RTF formatted documents and view them as well as saving into those formats. Textboxts you cant really format them, its just only one font or 1 color or whatever, with an RTB you can format selected text or color certain text, change the font of text etc

Rich text format (RTF) is a specific type of word processing document format evolved by Microsoft. This universal format helps provide compatibility between different word processing applications and operating systems, which is important for a diversified system where text document files move from one user's desktop to another.

Rich Text is a format for storing documents, just like DOC and ODT, but is much simpler compared to these two. Rich Text format is the format that is common to all word processing software, as they often do not recognize the native format of each other.
Rich Text, in formatting how the content actually looks, are pretty similar.

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